Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
Tuesday, December 4, 2012
Leasing Assets - Would You Be A Business Zombie Without Lease Companies And Asset Financing ?
Do Equipment Lease Options Work For You?
OVERVIEW – Information on asset financing in Canada . Lease companies are a solid choice for leasing equipment assets in Canada
There's probably no chance you're a walking ' business zombie '
when it comes to leasing assets in Canada from lease companies that provide asset financing. But truth be told we do meet many clients that seem a bit lost and need a sense of direction when it comes to a positive way of acquiring their assets.
So when your cash flow restrictions are putting some pressure on your decision to acquire business assets that’s exactly a time when you should consider leasing. Oh, and by the way, in case you haven’t heard, times have changed! You're dealing with an industry that has evolved substantially over the years, and with all the technology in place these days, both in your hands and the lessors it's a lot easier to make a solid financing decision if you're well armed with needs/benefits and the ability to choose a solid lease company partner.
Naturally if your firm had all the cash it needs it probably wouldn't have to consider leasing as a business finance option. But when cash flow, budgets, and other pressures come to bear its right about now that you should be considering this financial solution. It's all about building, growing and even starting your business. (Yes start ups are eligible also!)
Rather than being in our ' ZOMBIE MODE ' it's important to be proactive in getting your asset finance in order. Yes, it’s true that you can't get funded for any loan, let alone a lease, prior to acquiring the asset but you sure can do a lot of work to ensure a financing approval is in motion.
If you choose to do everything ' wrong ' in leasing assets then categorically don’t spend a lot of time understanding your options. However, for the record, that is not our recommendation!! You should be able to get a strong sense, with some early pre-work , around what you should be able to finance, what rate is involved, and even as importantly, which term and structures are available . This type of effort by the Canadian business owner and manager simply takes a lot of future paralysis or last minute decision out of the game.
As we said, equipment financing works for both start up and established businesses of all size in Canada. And experts tell us that 80% of all North American businesses utilize lease financing. And you almost can’t name an asset that can't be finance - healthcare equipment. Trucks, printing equipment, technology and telecom assets, shop floor equipment, etc. Even software!
Yes, you typically might need a down payment or a first payment/last payment security deposit, but at the end of the day approval in lease financing in Canada comes faster than any other business financing solution. Certainly quicker than a bank loan... we can assure you of that! That's probably because the experience of the industry allows your collateral to be leveraged as a significant part of the final credit decision.
In Canada assets from 5k to 50 Million dollars can be leased. Speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset financing needs. It’s simply a case of letting your assets pay for themselves, and that’s a good thing!
7 PARK AVENUE FINANCIAL
CANADIAN LEASE FINANCING EXPERTISE
Stan Prokop - founder of 7 Park Avenue Financial –
http://www.7parkavenuefinancial.com
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 7 years - has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/leasing-assets-lease-companies-financing-asset.html
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Phone = 905 829 2653
Fax = 905 829 2653
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